Edinburgh Investment Investors - EDIN

Edinburgh Investment Investors - EDIN

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Edinburgh Investment Trust Plc EDIN London Ordinary Share GB0003052338 ORD 25P
  Price Change Price Change % Stock Price Last Trade
6.00 0.96% 632.00 16:35:24
Open Price Low Price High Price Close Price Previous Close
630.00 628.00 633.00 632.00 626.00
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Top Investor Posts

steve3sandal: That it has underperformed for years created the discount opportunity for a new manager and investors. It’s a different and better animal IMO and I’m glad I bought in anticipation.
gregmorg: Mm, I have quite a number of these but I do not like the supposed "new" dividend strategy. Yes these are difficult times. However, as always, with new strategies investors need to look beyond to more normal times. The "cleverness" of the new four times 6p followed by a Special tells investors that this Trust is freeing itself up/preparing for a further cut down the road. So the annual base case is the 24p from which percentage increases may, or may not com., That is the base from which the Trust will use and comment upon. That means the Special is conveniently taken out of the headline calculation and manipulated or forgotten "as it's a Special" and judged on as is convenient.It tells me something about the management thinking and its view of investors. Trouble is its not that flavorsome!
kiwi2007: hTtps://www.majedie.com/fund/edinburgh-investment-trust/ Contains AGM video (23rd July) - worth a watch if you're an investor.
bizzybrizzy: I am never keen to see an investment trust not producing a cash flow statement. Although there is exemption for businesses that hold highly liquid investments, it is part of being transparent with investors to produce one.
steve3sandal: Another day, another disaster. I see MB was a quite large holder of Thomas Cook even as late as the 30 Jun portfolio disclosure here. Obviously the 18m shares had a negligible value at that point and I wonder how much money he pi55ed away on that one? I emailed Investor Relations a week ago to find out what was presented, said, slides, Q&A, feedback from the Investor Day 16th. No reply. You can still click their website to book for it. Given its 24 Sept I thought Aug Fact Sheet would be interesting. Not done one yet. At every turn this management of Edin looks poor to me. Bought back 5% of the stock but hasn’t moved the discount. I’d quite like to see an activist shareholder here, I don't have enough money to do that. The other stocks on the portfolio list must be wondering when they will hit the rocks. Sadly I have one or 2 of them. Not usually so grumpy just hoping the Board are looking in for ideas.
contrarian joe: Definitely the way forward for experienced investors,doing your own portfolio for income,starting of with the highest yielders from the ftse100 & working down,picking established companies with dividend track record,(eliminating utilities at the moment on a potential labour government),diversify with equal amounts,ideally you want 15 to 20 holdings,avoid to much debt,your very likely to beat 90% of numpty fund managers who fleece you!!.
contrarian joe: All MB funds have been named in the dog funds.Invesco high income,invesco income,uk strategic income,then you have pli,the problem facing all the open end funds is investors wanting out,maybe having to sell the most liquid first in this volatile market,the stocks in Edin will probably be similar to open ends,i wonder how woodfords feeling!!.
number14: How hard would it be to gradually liquidate this Edinburgh Trust and return the net asset value to the investors? If it gradually moved into cash that would/might benefit the share holders.
ec2: Situation not helped by the fact that Barnett also managers three other uk income funds that contain very similar holdings to EDIN. As holders of these funds lose faith and sell out, the positions in these funds can need to be liquidated to raise cash causing a negative impact on the NAV of EDIN. The EDIN discount further increases as investors exit in anticipation of these funds selling assets.
cynicalsteve: I reluctantly agree, Barnett has to go, the bigger than expected fall (3.9%) in the share price is a sign that investors confidence in the manager has gone. Why does an Equity Income Trust hold 3.7% in a low yielding AIM stock anyway? I used to think AIM was the Wild West of investing but I was wrong, they had Sheriffs in the West! The dream outcome would be hiring Lindsell Train to mirror their Global Equity Fund, the discount to NAV goes to zero, performance should improve. Will it happen? Probably not!
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